Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Danish pharmaceutical producer Lundbeck is to cut around 1000 jobs or around 17% of the company’s workforce. The job cuts will take place at the company's Copenhagen headquarters and in other company units around the world. The announcement comes despite a better forecast for the company financially, and an increased focus on research and development for new drugs within the company. Competition from generic drugs producers and the lapse of patents on some of the company's main pharmaceutical lines are cited as reasons for the restructuring.
Eurofound (2015), Lundbeck, Internal restructuring in World, factsheet number 84722, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/84722.